Smarter News Now
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting
No Result
View All Result
  • Top News
  • Economy News
  • Forex News
  • Investing News
  • Stock News
  • Politics News
  • Editor’s Pick
  • Top News
  • Economy News
  • Forex News
  • Investing News
  • Stock News
  • Politics News
  • Editor’s Pick
No Result
View All Result
Smarter News Now
No Result
View All Result
Home Investing News

Quantum computing solves what classical computing can’t

by
June 8, 2022
in Investing News
0
Quantum computing solves what classical computing can’t
0
SHARES
14
VIEWS
Share on FacebookShare on Twitter
PIXABAY

By Patricia Mirasol, Reporter 

What’s the next big thing in technology after artificial intelligence and the cloud? The nascent field of quantum computing. 

The aforementioned technology, which uses quantum mechanics to perform certain kinds of computation more efficiently than a regular computer, boosts speeds over a trillion times faster than an ordinary laptop.  

Real-life applications encompass improvements in fraud detection and healthcare therapeutics, according to Scott Crowder, vice-president of IBM Quantum Adoption and chief technology officer of IBM Systems.  

“One of the things quantum computing has proven to be better at is pulling patterns out of data…” he said at IBM’s Think event in Singapore. “For certain types of applications like fraud detection, having a small percentage improvement equals a lot of money for financial institutions. The same could be true for healthcare, and in determining whether something is going to be therapeutically good for you based on factors such as your age and DNA [deoxyribonucleic] profile.”  

A second area of interest is in simulating nature — as in chemical reactions, added Mr. Crowder. 

“There’s a lot of interest right now in electric vehicles and cleaner energy. Understanding better the chemistry underneath that, we can better predict what types of chemistries to explore,” he told the attendees of a June 2 media roundtable discussion. “It’s the same with corrosion [in planes and ships], and in understanding how better to build materials against it.”   

CONSIDERATIONS
Inasmuch as the technology can be parlayed for multiple uses, there are factors to be considered for its adoption. One is the fact that quantum states called qubits are fragile and sensitive to the environment. In order to keep quantum computers stable, these need to be kept in an environment with minimal noise and at very low temperatures.  

Another is that quantum computing solves problems that lend themselves to quantum computing.  

Because quantum computing is a different way of processing information, “I wouldn’t say it’s more powerful [than classical computing]. It’s just powerful for particular kinds of math in a very different way,” Mr. Crowder said, explaining that a quantum computer won’t enable people to e-mail a billion times faster. What it can do, he said, is come up with a quantum algorithm that can explore a particular state space and then “clap it back down to a small number of bits.” 

“The value comes from those particular kinds of problems it can solve,” he added.  

INTEREST
Despite these, investments in the technology to harness its potential have been gathering speed.  

Singapore, for one, announced on May 31 a S$23.5 million investment to spur its quantum technology capabilities in solving challenges like cyber threats.  

The country’s deputy prime minister Heng Swee Keat also announced on the same day the launch of the National Quantum Computing Hub, which will pool expertise and resources from the Center for Quantum Technologies and other institutions, and the National Quantum Fabless Foundry, which will develop the components needed to build quantum computers and devices.  

Other quantum computing initiatives around Asia include Japan’s plan to have its first homegrown quantum computer ready for use by March 2023 — “to keep up with the fierce global race for technological dominance,” per Nikkei Asia — as well as China’s 14th Five-Year Plan, which incorporates quantum information technology among other frontier fields. 

IBM-specific initiatives, meanwhile, include the establishment of the IBM Quantum Computing Data Center at Yonsei University, Korea. The technology corporation also has a Quantum Network, which studies the technology’s practical applications across industries, and which encompasses member companies like Cleveland Clinic in the United States and Archer Minerals in Australia. 

“Quantum computing is kind of like sci-fi come to life,” Mr. Crowder said. “The reason why people are so excited about it is because when you add a qubit to a quantum processor, you double the number of states within a single operation by a factor two… that adds up really quickly. Two to the n gets to be a big number very, very fast.”

ShareTweetPin

Related Posts

Stocks decline on profit taking, recession fears
Investing News

Stocks decline on profit taking, recession fears

August 23, 2022
Peso climbs vs dollar as RTB offer starts
Investing News

Peso climbs vs dollar as RTB offer starts

August 23, 2022
PNR cancels bids for 3 projects after finding them ‘non-feasible’
Investing News

PNR cancels bids for 3 projects after finding them ‘non-feasible’

August 23, 2022
Senate grills Rodriguez on approval procedures for sugar import order
Investing News

Senate grills Rodriguez on approval procedures for sugar import order

August 23, 2022
Trade dep’t expecting sugar price monitoring report by Friday
Investing News

Trade dep’t expecting sugar price monitoring report by Friday

August 23, 2022
Fisherfolk seek halt to reclamation on municipal fisheries
Investing News

Fisherfolk seek halt to reclamation on municipal fisheries

August 23, 2022
Next Post
Biggest rail strike for 30 years will cause week of disruption

Biggest rail strike for 30 years will cause week of disruption

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Email Address *
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
 

Recommended

A reliable healthcare partner for SMEs

A reliable healthcare partner for SMEs

June 10, 2022
AirAsia Philippines targets up to five more domestic destinations

AirAsia Philippines targets up to five more domestic destinations

August 9, 2022
LANDBANK launches P10-B loan facility for rural banks affected by typhoon

LANDBANK launches P10-B loan facility for rural banks affected by typhoon

July 17, 2022
Reason For The Businesses To Host Bitcoin ATM

Reason For The Businesses To Host Bitcoin ATM

June 9, 2022
Agricultural and biosystems engineering law IRR signed

Agricultural and biosystems engineering law IRR signed

July 12, 2022
PLDT, Smart win gold, silver Stevies on consumer safety, digital inclusion

PLDT, Smart win gold, silver Stevies on consumer safety, digital inclusion

August 17, 2022
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting

Copyright © 2022 SmarterNewsNow.
All Rights Reserved.

Disclaimer: SmarterNewsNow.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

No Result
View All Result
  • About Us
  • Contact Us
  • Email Whitelisting
  • Home
  • Privacy Policy
  • Terms & Conditions
  • Thank You

Copyright © 2020 SmarterNewsNow. All Rights Reserved.